Investors Bancorp (NASDAQ:ISBC) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other brokerages have also issued reports on ISBC. Zacks Investment Research upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Piper Jaffray Companies lowered shares of Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Wednesday, November 29th. Keefe, Bruyette & Woods lowered shares of Investors Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. Barclays upped their target price on shares of Investors Bancorp from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Monday, October 30th. Finally, Sandler O’Neill lowered shares of Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Thursday, November 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.31.

Investors Bancorp (NASDAQ:ISBC) opened at $13.99 on Tuesday. Investors Bancorp has a 1-year low of $12.48 and a 1-year high of $15.11. The firm has a market cap of $4,307.64, a price-to-earnings ratio of 21.98, a PEG ratio of 1.99 and a beta of 0.68. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.20 and a quick ratio of 1.20.

Investors Bancorp (NASDAQ:ISBC) last announced its earnings results on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Investors Bancorp had a net margin of 20.55% and a return on equity of 5.84%. The company had revenue of $179.31 million during the quarter, compared to analyst estimates of $178.16 million. During the same period in the previous year, the business earned $0.15 earnings per share. research analysts expect that Investors Bancorp will post 0.59 EPS for the current year.

In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $13.62, for a total transaction of $68,100.00. Following the completion of the sale, the director now directly owns 157,188 shares in the company, valued at $2,140,900.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.96% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ISBC. Citigroup Inc. boosted its position in Investors Bancorp by 45.7% during the second quarter. Citigroup Inc. now owns 10,898 shares of the savings and loans company’s stock valued at $146,000 after buying an additional 3,417 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Investors Bancorp by 6.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,667 shares of the savings and loans company’s stock valued at $156,000 after buying an additional 739 shares during the period. Gotham Asset Management LLC boosted its position in Investors Bancorp by 17.1% during the second quarter. Gotham Asset Management LLC now owns 13,305 shares of the savings and loans company’s stock valued at $178,000 after buying an additional 1,941 shares during the period. Belpointe Asset Management LLC purchased a new stake in Investors Bancorp during the third quarter valued at about $187,000. Finally, US Bancorp DE boosted its position in Investors Bancorp by 2.7% during the second quarter. US Bancorp DE now owns 14,077 shares of the savings and loans company’s stock valued at $189,000 after buying an additional 374 shares during the period. Institutional investors and hedge funds own 78.62% of the company’s stock.

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Investors Bancorp Company Profile

Investors Bancorp, Inc is a holding company for Investors Bank (the Bank). The Bank is a chartered savings bank. The Company is in the business of attracting deposits from the public through its branch network and borrowing funds in the wholesale markets to originate loans and to invest in securities.

Analyst Recommendations for Investors Bancorp (NASDAQ:ISBC)

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